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From Landsbanki's acquisition of Bridgewell, to Russian billionaires and emerging market stocks, 2007 was dominated by previously underexposed markets.

• Indian stock values pass the $1 trillion milestone - June 4

India became the third of the Bric countries whose stock market capitalization reached more than $1 trillion (€743bn) after soaring valuations and a rise in the rupee-US dollar exchange rate took it beyond the milestone.

Icelandic bank Landsbanki suffered a wave of defections from Bridgewell, the London-based broker it bought this year, despite offering bonuses to keep top staff from leaving. Top analysts, traders and corporate financiers were among the employees to cut the firm.

Russian billionaires, including Chelsea football club owner Roman Abramovich, brought in by the Kremlin to support the $10.6bn (€8.5bn) stock market listing of Rosneft last year reduced their states in the state-controlled energy company.